Air Products and Chemicals, IncClose $314.19EOD only
Max Pain
$280.00
Next expiry Jul 17, 2026
Expected Move
±$8.70
2.8% from close
Price Gap
-34.19
Distance to max pain
IV Rank
37
Middle-high premium
P/C OI
0.96
Balanced positioning
Consensus
—
No reports available
Published snapshot: Jul 2, 2026 close
End-of-day snapshot
This page reflects APD options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — APD
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $280.00 (34.19 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$280.00
Nearest expiry
Expected Move
±$8.70
±2.8%
Days to Expiry
15
Calendar days
Total Call OI
3,691
Nearest expiry
Total Put OI
2,863
Nearest expiry
P/C OI Ratio
0.78
Put-heavy
Spot Price
$314.19
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$290.00
5/15/2026, 11:02:45 PM
2026-06-18
$280.00
6/18/2026, 11:04:33 PM
2026-07-17NextUpdated
$280.00
7/3/2026, 11:02:57 PM
2026-08-21
$280.00
7/3/2026, 11:02:57 PM
2026-09-18
$290.00
7/3/2026, 11:02:57 PM
2026-12-18
$290.00
7/3/2026, 11:02:57 PM
2027-01-15
$260.00
7/3/2026, 11:02:57 PM
2027-03-19
$290.00
7/3/2026, 11:02:57 PM
2027-06-17
$280.00
7/3/2026, 11:02:57 PM
Selected expiration: 2026-07-17 at max pain $280.00.
APD pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
220
0
11373000
11373000
230
1000
9010000
9011000
240
2000
6654000
6656000
250
3000
4311000
4314000
260
6000
2151000
2157000
270
12000
718000
730000
280
22000
244000
266000
290
1857000
89000
1946000
300
4178000
0
4178000
310
6890000
0
6890000
320
10486000
0
10486000
330
14126000
0
14126000
340
17799000
0
17799000
350
21476000
0
21476000
360
25162000
0
25162000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.